You, being in crypto's, may have already heard about IOTA . But have you heard about it's greatest feature? What is your biggest concern about cryptocurrency? Mine was the penetrable possibility for 'them' to stop the cryptos simply by using their own power to shut down ours. Just imagine. No electricity-no internet-no devices.
This is where the offline tangle steps in.
IOT( Internet-of-Things), everyday items such as clothes, vehicles and accessories provided with small computers which can connect them to some form of internet and enable them to communicate and connect our items to be able to make our lives great and easy. So what do they need IOTA crypto for? To communicate with each other through micropayment, even offline( IOTA tangles are able to communicate in an offline mode and this will be implemented in the future). Rough estimation is that by 2020, more than 50 billion devices will be connected in both industry and households.
The great revolutionary tangle with a 1.5 $ billion marketcap and an overwhelming potential has already made its breakthrough into the community for being a lot different from any other cryptocurrency by not using the same mechanisms. No blockchain( uses Tangle protocol instead), so there is no need for nodes, mining nor transaction fees, high security as your sensitive data is quantum proof with the tangle, transactions are fast, instantaneous in fact and the verification process is done by other transactions instead. The simplest comparison is ahead. If you go to school and write your homework, it is graded by teachers. This is blockchain technology and the nodes( miners) verifying transactions. But in Tangle IOTA technology 'school' homework is graded between pupils instead. So when you start your transaction, previous two must be confirmed in order to start your transaction. The implications and the potential of this technology and use cases are amazing!
IOTA has an excellent team and wp, great ROI potential and usage in future life!
You can buy IOTA on Bitfinex and store it into your wallet which is, for now, the best way to store your MIoTa.
Also, you can read all you want to know about it on iota price webpage. And there is an ongoing giveaway, so hurry up!
Great - didn't know IOTA can operate offline too!
It is planned for the future though, but I think it is the greates feature of it all ;)
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